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20121201
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Search Results 0 to 11 of about 12 (some duplicates have been removed)
. there is no debt crisis in the united states of america and europe, and there is no such thing as the debt crisis in my own country, which is nevertheless being consumed by debt. you know the joke about balloonist. the balloon has been blown off isrse, and at some point they no such thing as a debt crisis. manage to gain control of the balloon and lower it above a farm. the farmer comes out and looks up at the balloon and one of the balloonists says, excuse me, sir, where are we? and the farmer says, you are in a balloon. the balloonist says, he must be an economist. precisely accurate, and hopelessly useless. [laughter] we have a doctor here amongst us. imagine if you had a terrible case of a cancer patient in acute pain, and your diagnosis was, the person is experiencing a pain crisis. it wouldn't be useful. debt is a symptom of 2008, to be precise. it is what happens when a financial implosion begins on wall street, and then all sorts of dark forces break out, break loose, and they start dismantling the economic and social fabric of the world. these awful events happen once every hundred years
. >>> when we come back on squawk, bank of america ceo brian moynihan in his own words, we caught up with him yesterday to talk about business, the economy and the looming figure. as we head into a break, bank of america, best performing dow component of the year. up about 77%. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? indicated up 14 points. unable to hold on to the gains we saw yesterday
.01%, it amounted to about 4.2 million per family. so when you think about why is there this polarization in america, why are there these very different views about the world, you know, part of it is there are very different worlds that people are inhabits. having said that, so, you know, my premise is this isn't just a case of the rich have always been with us. something really different is happening, and it's important for us to talk about it, to research it, to figure out what's going on. but actually, there is a real reluctance, and i have admit particularly here in america, and i'm canadian, so i see you guys with a little bit of a distance. [laughter] particularly in america there is a reluctance to talk about these issues of income distribution. and one of my friends who was supposed to be here tonight, i talked to him about this, and he said that it's -- i'm going to quote him because it was such a nice line. so he said: i was once told by the head of a prestigious think tank in washington, d.c. that the think tank's board was very unlikely to fund any work that had income or wealth inequali
the kingdom of heaven. >> difficult images, difficult words for these dark days in america. we begin this afternoon as the first of many funerals are held in newtown, connecticut. the beginning of what will prove to be a parade of ceremonies laying to rest beautiful young children and their dedicated young teachers who became the victims of a senseless and unspeakable act of violence. children like 6-year-old noah pozner, smart as a whip, gentle but rambunctious, mourned by his twin sister ariel who was in a different classroom and survived. jack pinto, also 6, loved skiing, baseball, and football and was a big fan of the new york giants, especially victor cruz. the star receiver wore the boy's name on his cleats and gloves in tribute during the giants game sunday night. as a nation grapples with how and why these many young lives were cut brutally short, it fell to the president in newtown last night to face the impossible task of consoling a town that lay in emotional ruins. >> i can only hope it helps for you to know that the you're not alone in your grief. that our world, too, ha
states of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. the chair lays before the house a communication. the clerk: the honorable the speaker, house of representatives. sir, pursuant to the permission granted in clause 2-h of rule 2 of the rules of the us us house of representatives, the clerk received the following message from the secretary of the senate on december 21, 2012, at 4:04 p.m. that the senate agreed to the conference report accompanying the bill, h.r. 4310. with best wishes i am signed sincerely, karen l. haas. the speaker pro tempore: without objection, when the house adjourns today it shall adjourn to meet at 20:00 p.m. on thursday, december 27, 2012. without objection, the committees may have until the end of the second session to file the final report pursuant to clause 1-b of rule 11, and the chair of the committee in consultation with its ranking ranking member before filing such report may update report to reflect committee or house action taken after the report was ordered reported o
silence except for the television. it is america's biggest problem. and on that cheerful note, thank you very much. [applause] >> next, and to raise with to retiring members of congress. dan burton of indiana talks about his 30 years in congress. followed by senator kent conrad on his 26-year career. and a discussion on corporations and stock values. dan burton is retiring from the house this year after 30 years in office. the 15-term congressman represents the fifth district in east central indiana which includes parts of indianapolis and the surrounding suburbs. earlier he talked with c-span about his past investigations of the collective demonstration and the oversight ruled congress. this is 30 minutes. as you exit the institution how would you say it stated? >> it has changed a great deal. it is not the same as when i came 1983. there seemed to be more comedy. tip o'neill was speaker. i will never forget he was the first time he was on the floor raising cane with democrats. he had someone take his place and he came down and started giving me the dickens. after that we bec
: well, father, i think america is in mourning and i think the mood is somber and reflective and we appreciate you being with us today, father jonathan morris and your message there, we appreciate it, sir. >> thank you. >> it's monday morning and training has just begun for the new week, where are we? up 33 points. and maybe speaker boehner making an offer about the fiscal cliff negotiations, maybe he's saying, look, you can tax pat a higher rate incomes over a million dollars a year and maybe that helps market sentiment? we're up 43 points in the very early going. to nicole, google shares are higher. what's this, another analyst raising a price target, is this what happened? >> we're doing the analyst morning for you. you know what? really, take aside what the number is. it just shows you what wall street is thinking. so, if you just take that message, that will give you a clear indication of which way the stocks may be going. so, in in case, ever core partners is looking there and raising the price target to $850 from 830 and they have an overweight rating and so, this basically i
. regulators are set to issue heavy fines this week. reuters suggest that authorities in america, britain and possibly japan will fine the swiss bank in excess of $1 billion for its part in the fixing of the rate. carolin rejoins us with more on this story. >> hey there, ross. if you believe press reports from swiss daily over the weekend, that fine could be much more than just $1 billion. it was suggested it could be $1.5 billion swiss francs or $1.6 billion. that would be a massive fine if that's confirmed and it would be much, much higher than what analysts had anticipated. three times the amount that barclay's paid over the summer and remember that ubs cooperated quite closely with authorities over the last two years and received conditional immunity from some of the regulators. that's why analysts believed that the fine would be considerably lower than that which barclay's paid. it does suggest that ubs may be the worst offender. as pat of the deal, according to a couple of press reports, ross, this is quite interesting. it says that ubs will even admit to criminal wrongdoing in its
of a handful of restaurants right here in america that serves patrons bugs. on purpose. chilli pepper seasoned crickets. even scorpions on shrimp toast. >> scorpions still have the stinger in them, but they are dried, so the poison is neutralized. >> scorpions are just one of 1700 bugs that are safe for people to consume. it's still a novelty here in the states, but insects are part of a daily diet in most of the world. earlier this year the united nations held a global conference on the benefits of eating insects. even suggesting it might be a good solution to world hunger. >> i don't know why the united states doesn't eat insects when they're actually very healthy for you. >> reporter: he is right. insects are high in protein, low in fat and cholesterol. take a cricket, for example. a six ounce serving of these crunchy bugs have 60% less saturated fat as the same amount of ground beef. >> now the ants. >> these string potatoes aren't complete without adding some dried ants. >> they taste a little sour, tangy, and they have a hint of black pepper to them. >> reporter: they also have 14 grams
's too soon to see the effects it may have for bank america's bottom line. >> it's a good gimmick to get people to start thinking about what they're saving. >> when you log onto this system, it not only digitally ages you, something you can do on iphone, which tells you digitally what things cost. when i retire, the domestic airfare is very expensive. $7 for a gallon of gas. >> $7 for a gallon of gas? >> who knows. >> why didn't you ask for an old tape of me. i can show you aging. it doesn't need to be digital. >> the problem is, even if we took a picture of you now. you wouldn't really age that much. you guys are eternal. >> i have to say, you don't look that deficit. >> i have to look pretty much -- >> are you going to show -- >> andrew is not here and that's a shame. we can do him. >> that's you. >> that's me. in case you didn't see it in the video. this is andrew. andrew wanted to make sure he got any lighting right in the picture. the middle picture is andrew if he ever retires. he's a workaholic. 107. still alive. he looks pretty good. >> if you're here at 107, not a bad deal. it c
? >> this is a normal process. new destinations for lastin america, korean nations, they have been improving in the last year or so. so that doesn't mean that europe is not -- europe is still the destination destination worldwide. >> ohio does it work out on the global net? i'm wondering whether the pie getting bigger has meant the european number stays the same. >> europe is still increasing, but now we have to -- >> it's getting bigger. >> exactly. >> right. okay. so we're not losing out. >> it's just interesting that the euro not being weaker is the largest issue regarding tourism. it doesn't look like that's in the cards. >> a weak euro is very good for our overseas travelers. they're coming to europe and especially the usa and canada are troubled a lot. which is very, very good. >> where is the money coming from? >> the usa and canada, we will now have to focus in brazil and china, which are emerging economies. >> and, james, do you find it at all encouraging if there's a balancing away from the european sector in europe? is it something that needs to happen or is it still going to remain on positi
Search Results 0 to 11 of about 12 (some duplicates have been removed)